China Pacific Life Insurance (H.K.) Company Limited (CPIC Life (HK)) has been authorized by the Hong Kong Insurance Authority to operate long term insurance business in Hong Kong.
John Cai, General Manager (CEO) of China Pacific Life Insurance Co., Ltd. (CPIC Life), explained that CPIC Life (HK) will play an important role in CPIC Life’s Greater Bay Area (GBA) strategy, while also serving as a springboard for internationalization.
In addition, the authorisation will help to support the wider ‘Big Health Strategy’ of China Pacific Insurance (Group) Co., Ltd. (CPIC), which plans to focus on the integration of health management, insurance products and medical services.
Candy Yuen, Chief Executive Officer of CPIC Life (HK), said that CPIC Life (HK) is pleased to be granted authorization and will focus on health protection, wealth management and retirement solutions products.
“As a new player to an industry with a long history, we will strive to offer our customers fresh, smart and delightful experience, with a spirit of “dare to innovate, care to collaborate,” Yuen said.
